Procore finally IPOs; valued at $8.5 billion

Procore finally IPOs; valued at $8.5 billion

Procore finally IPOs; valued at $8.5 billion No doubt about it: the market for makers of IT solutions targeted at the construction industry is HOT. Procore finally completed its initial public offering yesterday, raising $635 million by selling 9.5 million shares at...

BSY rings the Nasdaq bell last week

I had promised you a photo of Bentleys ringing the opening bell at the Nasdaq, but can go one better — a video! The first 3:30 minutes or so are of the big LED pilar billboard in Times Square, showing pictures of Bentley employees (“colleagues” in...
Bentley’s IPO. Done. Finally.

Bentley’s IPO. Done. Finally.

Bentley shares started trading under the BSY symbol at around 11:15 on Wednesday. Someone told me that the bookmaker, the brokerage firm that handles trading of the shares, had to determine the opening price, which I thought would be the price Bentley set last night,...
Quickie: Bentley IPO now at $22/share

Quickie: Bentley IPO now at $22/share

Quickie: Bentley IPO now at $22/share I am no expert at IPOs but this seems unusual to me: Bentley’s offering had originally set a price range of $17 to $19 per share, then yesterday that range was upped to $19 to $21 — and then last night, it was again...
Quickie: Bentley raises price in IPO

Quickie: Bentley raises price in IPO

Quickie: Bentley raises price in IPO How interesting: Bentley just filed with the SEC to raise its price per share from $17 to $19, to $19 to $21 — that ups the value of the shares being sold to a max of ​ $259,580,811. Why raise the offering price? Typically,...
Quickies: Bentley sets IPO price, Altair acquires for HPC

Quickies: Bentley sets IPO price, Altair acquires for HPC

Quickies: Bentley sets IPO price, Altair acquires for HPC I go away for a couple of days, and what happens? Yup. Newsy things! Here are two items of interest: Bentley issued another update to its IPO filing, this time with prices for the shares. You can see it here....
Quickies: Bentley sets IPO price, Altair acquires for HPC

Bentley files its IPO — again. Finally.

Bentley files its IPO — again. Finally. So much S-1 to read … so little time. You can see the filing for yourself here. A couple of quick highlights from the front of the document: This is an IPO for shares owned by others, as a way of creating a liquid...
Bentley maybe inching towards an IPO again?!

Bentley maybe inching towards an IPO again?!

Bentley maybe inching towards an IPO again?! Bentley issued a terse press release yesterday, saying in its entirety EXTON, Pa., U.S.A. – February 13, 2020 – Bentley Systems, Incorporated today announced that it has confidentially submitted a draft registration...